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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Cash flows from operating activities    
Net income $ 98.8 $ 125.3
Adjustments to reconcile net income to net cash flows from operating activities:    
Depreciation and amortization 45.3 44.0
Equity-based compensation 108.3 54.4
Non-cash performance allocations and incentive fees, net 190.9 (36.7)
Non-cash principal investment income (70.0) (7.7)
Other non-cash amounts (2.9) 10.8
Consolidated Funds related:    
Realized/unrealized (gain) loss on investments of Consolidated Funds (82.7) (145.0)
Realized/unrealized (gain) loss from loans payable of Consolidated Funds 89.7 141.4
Purchases of investments by Consolidated Funds (1,477.3) (386.6)
Proceeds from sales and settlements of investments by Consolidated Funds 1,276.3 332.5
Non-cash interest income, net (6.7) (3.7)
Change in cash and cash equivalents held at Consolidated Funds (80.0) (20.8)
Change in other receivables held at Consolidated Funds (65.0) 7.1
Change in other liabilities held at Consolidated Funds 227.9 (32.8)
Purchases of investments (145.1) (18.5)
Proceeds from the sale of investments 102.1 78.6
Payments of contingent consideration (1.5) (68.6)
Changes in deferred taxes, net (47.1) (15.1)
Change in due from affiliates and other receivables 6.7 16.9
Change in deposits and other (19.7) (33.9)
Change in accounts payable, accrued expenses and other liabilities 41.5 (63.9)
Change in accrued compensation and benefits (365.6) (371.9)
Change in due to affiliates (2.2) (0.2)
Change in lease right-of-use assets and lease liabilities (2.2) (2.8)
Change in deferred revenue 251.6 284.7
Net cash provided by (used in) operating activities 71.1 (112.5) Close
Cash flows from investing activities    
Purchases of corporate treasury investments 0.0 (101.1)
Proceeds from corporate treasury investments 0.0 20.1
Purchases of fixed assets, net (14.2) (12.9)
Net cash used in investing activities (14.2) (93.9) Close
Cash flows from financing activities    
Payments on CLO borrowings (13.9) (1.1)
Net borrowings on loans payable of Consolidated Funds 45.3 68.7
Dividends to common stockholders (126.7) (118.4)
Payment of deferred consideration for Carlyle Holdings units (68.8) (68.8)
Contributions from non-controlling interest holders 64.7 18.7
Distributions to non-controlling interest holders (19.0) (9.9)
Common shares repurchased and net share settlement of equity awards (150.0) (100.3)
Change in due to/from affiliates financing activities 51.7 74.6
Net cash used in financing activities (216.7) (136.5) Close
Effect of foreign exchange rate changes (4.4) 8.3 Close
Decrease in cash, cash equivalents and restricted cash (164.2) (334.6) Close
Cash, cash equivalents and restricted cash, beginning of period 1,442.1 1,361.5
Cash, cash equivalents and restricted cash, end of period 1,277.9 1,026.9
Reconciliation of cash, cash equivalents and restricted cash, end of period:    
Cash and cash equivalents 1,276.5 1,010.1
Restricted cash 1.4 16.8
Total cash, cash equivalents and restricted cash, end of period 1,277.9 1,026.9
Cash and cash equivalents held at Consolidated Funds $ 426.0 $ 228.8